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US dollar loiters off highs as traders wait on inflation data
The dollar lurked just below recent highs on Tuesday as traders waited for U.S. inflation data due later in the week, wary of a surprise that could heap more upward pressure on interest rates. The data is due on Wednesday and the anticipation is likely to keep things calm until then. The Australian and New Zealand dollars rose overnight and were steady in the pre-CPI calm in Asia. The Aussie held gains at $0.6974. The kiwi did likewise at $0.6281, leaving both just above their 50-day moving averages. Sterling held at $1.2084 and the euro was stuck just above parity at $1.0194, with the continent’s energy crisis ... (full story)
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From @financialjuice|Aug 9, 2022|20 commentstweet at 2:01am: BOE'S RAMSDEN: BOE MIGHT BE IN SITUATION OF CUTTING RATES AND SELLING ASSETS AT SAME TIME. tweet at 2:01am: BOE'S RAMSDEN: WE HAD TO ACT FORCEFULLY LAST WEEK TO ENSURE INFLATION DOESN'T BECOME EMBEDDED. tweet at 2:01am: BOE'S RAMSDEN: INFLATION EXPECTATIONS REMAIN ANCHORED. tweet at 2:02am: BOE'S RAMSDEN: NOT RULING OUT THE NEED TO START LOWERING THE BANK RATE QUITE QUICKLY AT SOME POINT. tweet at 2:02am: BOE'S RAMSDEN: MORE LIKELY THAN NOT THAT WE WILL HAVE TO RAISE BANK RATE FURTHER.
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From dailyfx.com|Aug 9, 2022|1 commentThe Euro has continued to steady on Tuesday as the market awaits Wednesday’s inflation report in the US. EUR/USD has traded in a narrow range around 1.0190 so far today. The ...
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- Posted: Aug 9, 2022 3:10am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,975
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